Essex County Teachers Federal Credit Union
LOCATIONS
1
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HEALTH RATING
C
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CURRENT TOP RATE
0.75% APY
60 Month Share Certificate
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Overview / Commentary
Essex County Teachers Federal Credit Union is headquartered in Bloomfield and is the 81st largest credit union in the state of New Jersey. It is also the 3,741st largest credit union in the nation. It was established in 1936 and as of December of 2019, it had grown to 5 employees and 2,551 members at 1 location. Essex County Teachers Federal Credit Union has a C health rating.
Field of Membership Restrictions
Must be an employee of a board of education in Essex County, the Montclair Police Department or ECTFCU.
See current membership details
Health
C
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Essex County Teachers Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 1131 |
| Year Chartered | 1936 |
| Employees | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.72% |
| Return on Equity - YTD | 8.8% |
| Annual Interest Income | $553.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $13.1MM$13.5MM |
| Loans | Q4 2019vs Q4 2018 | $7.5MM$8.4MM |
| Deposits | Q4 2019vs Q4 2018 | $11.9MM$12.3MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.1MM$963.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $139.00K$131.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $349.00K$371.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |